Patents and Other Intangible Assets

9 Months Ended

Sep. 30, 2019

Note 4 – Patents and Other Intangible Assets

Patents and other intangible assets are summarized as follows:


	September 30,		December 31,
	2019		2018
	(Unaudited)
Patents
Patents pending	$	847,000	$	1,202,000
Issued patents		558,000		761,000
		1,405,000		1,963,000
Trademarks
Trademarks pending		64,000		55,000
Registered trademarks		23,000		23,000
		87,000		78,000
Other		8,000		8,000
		1,500,000		2,049,000
Accumulated amortization		(256,000)		(290,000)
	$	1,244,000	$	1,759,000

The Company monitors and assesses the net realizable value of the Company’s patent portfolio at each reporting period. As a result of management’s assessment of the Company’s patent portfolio in terms of cost-effectiveness and alignment with the focus on those patents that have significant future commercial value to the Company, an impairment charge of $337,000 and $733,000, respectively, was recorded during the three and nine months ended September 30, 2019.

Future amortization expense associated with issued patents and registered trademarks as of September 30, 2019 is estimated as follows (unaudited):


2019 (remaining 3 months)	$	31,000
2020		123,000
2021		90,000
2022		54,000
2023		21,000
Thereafter		6,000
	$	325,000